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Tuesday, 04 April 2017 02:44

Ezekwesili flays CBN’s forex policy

Former Minister of Education, Dr Oby Ezekwesili, has flayed Central Bank of Nigeria, CBN, over its foreign exchange policy.Ms. Ezekwesili, a former Vice President of the World Bank, condemned CBN’s forex policy while reacting to the new decision of the apex bank to sell forex to Bureau De Change operators twice weekly.CBN had in a release signed by its acting director of corporate communication, Isaac Okorafor, announced that it would commence twice weekly sales to BDCs, effective Monday, April 3.“The sale amount to BDCs is hereby increased to $10,000 weekly ($5,000 per bid) and a new rate will be announced…
Speaker of Kano state House of Assembly has said that the public will be consulted on a bill that aims to ban poor men from marrying more than one wife. Alhassan Rurum told BBC Hausa that Muslim religious leaders and scholars will also be consulted on defining who can be considered to be poor. The controversial proposal was made by Muhammad Sanusi II, Emir of Kano, to ensure that men have families that they are able to take care of. BBC
President Muhammadu Buhari on Monday in Abuja met separately, behind closed doors, with Speaker of the House of Representatives Yakubu Dogara and Senate President Bukola Saraki.The president first met with the Speaker before meeting the Senate President for about 40 minutes each.It was gathered that the two meetings were part of efforts to address the seeming strain relationship between the Presidency and the National Assembly.The meetings also discussed progress reports on 2017 budget proposal, Senate’s amendment of the Electoral Act and other national issues.The two Presidential Aides for National Assembly Matters for the Senate and House of Representatives, Sen. Ita…
Joint Admission and Matriculation Board (JAMB) says it has registered 600,000 candidates for the 2017 Unified Tertiary Matriculation Examination (UTME) and warned there will be no extension of time for the registration.Dr. Fabian Benjamin, Head of Public Relations of JAMB, on Monday in Bwari, said that deadline for the registration stands.He said measures were on ground to ensure the regulated platform could help candidates to get registered before the end of the month and to prevent irregularities in registration.Benjamin observed that some applicants were seeking extension of the UTME registration deadline due to reported irregularities in the on-going registration process.According…
Apostle Johnson Suleman, the clergyman accused by a Canada-based Nigerian woman of having amorous relationship with her, on Sunday, declined to speak on the allegation, saying he would only “open up” at the appropriate time.PREMIUM TIMES met Suleman, founder of Omega Fire Ministry, OFM, in his Auchi, Edo State office for about 20 minutes shortly after a church service that lasted about four hours.Our reporters joined the service midway, where Suleman spoke about the need for unity in the body of Christ in his sermon.The cleric, who said he was rushing to the Benin airport to catch a flight to…
An explosion Monday afternoon ripped through a subway train in the Russian city of St. Petersburg, killing at least 10 people and injuring 50 others, the spokesman for the city's governor told Russian television. The blast came as Russian President Vladimir Putin was visiting the city, his hometown.Putin, speaking from Constantine Palace in St. Petersburg, said investigators were looking into whether the explosion was a terror attack or if there might have been some other cause. He offered his condolences to the families of those killed.There was no immediate claim of responsibility for the blast.The unidentified explosive device went off…
If the federal and state governments continue to rely heavily on debt instruments for the financing of the country’s infrastructure needs, then, Nigeria’s total debt burden will be hitting the N19tn mark by the end of this year.Based on figures obtained from Ministry of Budget and National Planning, the country’s total debt stock is expected to rise by N6.72tn this year from the 2016 figure of N12.58tn, making the total debt liability to rise to N19.3tn by the end of 2017.The frequency of borrowing by federal and state governments has become a source of worry to many analysts, who sound…
Joint Admissions and Matriculation Board, JAMB, says that eligible candidates for its 2017 Unified Tertiary Matriculation Examination, UTME, can now purchase pin for registration using the Remita mode.The board said on Sunday the development came on the heels of reported challenges the candidates faced in an attempt to acquire the pins from NIPOST and designated banks.Head of Information of JAMB, Fabian Benjamin, said the board had noted the many headaches of prospective candidates from various parts of the country, including Lagos.He said that candidates had lamented the difficulties involved in obtaining the pins from designated banks on the payment of…
Monday, 03 April 2017 02:25

Stolen N310m not Saraki’s - DSS

Senate President Bukola Saraki is not the owner of the N310 million stolen during a robbery operation in Abuja in 2015, a top official of Department of State Security (DSS) said.“The story making the rounds that the sum of N310 million belonging to the Senate President was stolen in 2015 is a malicious falsehood,” the security chief who declined being named said yesterday.In December 2015, DSS said it arrested one of its personnels Abdulrasheed Maigari, alongside others, for allegedly robbing a bureau de change operator in Abuja of N310 million.The stolen money was reported to allegedly belong to Senator Saraki…
Catholic Church has declared war against masquerades, likening them to terrorists who should be dealt with by security agencies.That was the core of the message delivered on the pulpit by Bishop of Nsukka Catholic Diocese, Prof. Godfrey Onah, after some masqueraders beat a seminarian into coma.The masqueraders were part of the Oriokpa masquerade popular in eastern Nigeria.Onah who condemned the masqueraders during church service, urged law enforcement agencies to treat those that block roads, beat, and extort money from people as terrorists and cultists.“It’s unfortunate that in this 21st century some youths in Nsukka area will cover their face and…
November 23, 2024

NNPC not delivering quantity of crude oil agreed on, Dangote refinery says

The federal government's plan to sell crude priced in the local currency is faltering, with…
November 22, 2024

Tinubu’s borrowing spree retuning Nigeria back into debt peonage - Atiku

Former Vice President Atiku Abubakar has criticized the President Bola Tinubu-led administration for the increasing…
November 23, 2024

Do these 3 things to feel happier today—they take less than 10 minutes

Prioritizing your joy can feel like an abstract assignment that, frankly, many of us don't…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 22, 2024

FG excited as pro-Biafra agitator Simon Ekpa arrested in Finland on terrorism charges

Simon Ekpa, the controversial leader of the pro-Biafra faction Autopilot, was arrested by Finnish authorities…
November 23, 2024

What to know after Day 1003 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin announces mass production of Oreshnik missiles Russian President Vladimir Putin confirmed on…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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